Toronto-Dominion: Fiscal Q1 Earnings Snapshot

TORONTO (AP) — TORONTO (AP) — The Toronto-Dominion Bank (TD) on Thursday reported fiscal first-quarter net income of $2.07 billion.

The bank, based in Toronto, said it had earnings of $1.14 per share. Earnings, adjusted for non-recurring costs, came to $1.47 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The retail and wholesale bank posted revenue of $21.33 billion in the period. Its revenue net of interest expense was $10.07 billion, also beating Street forecasts. Three analysts surveyed by Zacks expected $9.35 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TD at https://www.zacks.com/ap/TD